Saudi eases visas for foreign businessmen
Saudi business leaders on Tuesday welcomed a decision by the Saudi government to facilitate entry visas for foreign businessmen, saying it would boost investments in the...

2007-09-17

Opec capacity to hit 35.8m bpd
Opec's production capacity is expected to increase by around 4.7% by the end of next year, hitting 35.8m barrels per day (bpd), up from the current level of 34.2m, repor...

Petchem for Saudi Industrial
The Saudi Industrial Investment Group will double its capital to $1.2bn early next year in order to set up a petrochemicals firm, Petchem, which will form a joint ventur...

2007-09-17

Bechtel for Jeddah project
Saudi Arabia's Kingdom Holding Company has appointed Bechtel to supervise and develop its mega $13.3bn real estate project in the northern part of Jeddah. Bechtel was cho...

2007-09-16

BAE lands Saudi plane deal
Aerospace giant BAE is part of a consortium that has clinched a Ã?Â£40bn contract to supply 72 Eurofighter Typhoons to Saudi Arabia in the world's biggest defence deal....

2007-09-16

Al Jazira CEO resigns
The CEO of Saudi Arabia's Al Jazira Bank has resigned after a 14 year stint, reported Reuters citing a statement posted on the website of the Tadawul All Share Index. Mi...

2007-09-16

SABB opens Riyadh centre
Saudi Arabia's SABB Bank has opened its first SABB Premier Centre in Riyadh, with two further centres set to open in Jeddah and Dammam in the next three months. The serv...